Metals
Code 15 (Harmonized System 2012 by Sector)
2023: US$80.7B, Total Trade Exchange
2023: US$24.3B, International Sales
2023: US$56.4B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Metals was US$80.7B.
In 2023, the states with the most international sales in Metals were Nuevo León (US$6.87B), Coahuila de Zaragoza (US$2.42B), Baja California (US$2.06B), Veracruz de Ignacio de la Llave (US$1.78B), and Ciudad de México (US$1.73B).
The states with the most international purchases in 2023 were Nuevo León (US$15B), Ciudad de México (US$7.89B), Baja California (US$4.68B), Estado de México (US$3.86B), and Coahuila de Zaragoza (US$3.39B).
In 2023, the main commercial destinations of Metals were United States (US$19.4B), Canada (US$384M), Guatemala (US$372M), Brazil (US$359M), and China (US$353M).
The main commercial origins of Metals in 2023 were United States (US$23.1B), China (US$8.04B), Brazil (US$3.93B), Japan (US$3.29B), and Germany (US$2.65B).
In the global context, the main exporting countries of Metals in 2022 were China (US$294B), Germany (US$130B), and United States (US$85.1B). In the same year, the main importing countries of Metals were United States (US$200B), China (US$149B), and Germany (US$129B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$80.7B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Metals in Mexico (including international purchases and sales) was US$80.7B.
The visualizations show the net balance of Metals at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.
Net International Trade
#permalink to sectionJuly, 2024
- US$1.92B, International Sales
- US$4.84B, International Purchases
In July 2024, international sales of Metals were US$1.92B and a total of US$4.84B in international purchases. For this month the net trade balance of Metals it was of -US$2.92B.
Market Concentration
#permalink to section2024-Q3: US$1.9B, International Sales
The visualization shows the quarterly concentration of international sales of Metals at state level.
In the third quarter of 2024, international sales were US$1.9B, being the states with the most sales Nuevo León (US$525M), Coahuila de Zaragoza (US$216M), and Baja California (US$183M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$6.87B, State with the Most International Sales (2023)
United States: US$19.4B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Metals were Nuevo León (US$6.87B), Coahuila de Zaragoza (US$2.42B), Baja California (US$2.06B), Veracruz de Ignacio de la Llave (US$1.78B), and Ciudad de México (US$1.73B).
In 2023, the countries with the most international purchases from Mexico were United States (US$19.4B), Canada (US$384M), Guatemala (US$372M), Brazil (US$359M), and China (US$353M).
International Purchases
#permalink to sectionNuevo León: US$15B, State with the Most International Purchases (2023)
United States: US$23.1B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Metals were Nuevo León (US$15B), Ciudad de México (US$7.89B), Baja California (US$4.68B), Estado de México (US$3.86B), and Coahuila de Zaragoza (US$3.39B).
The countries with the most international sales to Mexico in 2023 were United States (US$23.1B), China (US$8.04B), Brazil (US$3.93B), Japan (US$3.29B), and Germany (US$2.65B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Metals and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Metals. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 1.56%, Mexican share in global exports - 2022
- 2.76%, Mexican share in global imports - 2022
The visualizations show the global market for Metals. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Metals were China (US$294B), Germany (US$130B), and United States (US$85.1B). In the same year, the main importing countries for Metals were United States (US$200B), China (US$149B), and Germany (US$129B).